Comparative Literature and Translation Studies have so far expanded the frontiers of their own disciplines beyond their traditional conventional sense. Individually or in cooperation with the other, either discipline can lead to a more comprehensive understanding of literatures and cultures. The synergy between the two disciplines through bringing together methods and theories from both can result in innovative studies that cannot be properly conducted within the boundaries of either discipline separately. Adopting a historical perspective, the present paper highlighted the points of convergence between the two disciplines in order to identify the fields of research which can benefit most from the cooperation between the scholars of comparative literature and translation studies. Literary history, translation history, and reception studies belong to such fields of research.